Some cars do depreciate of course but collectables and vintage or sought after cars generally don't. My dh's Harley is an example as would be your brothers pride and joy. My dh has always had Harley's and always got more at the time of sale than what he purchased or spent on them hence he has always made a profit.

It really does depend what car. A run of the mill every day common car like a commodore, falcon etc, no you're not going to make a profit and they do depreciate. But we bought an old car (1970s) a few years ago because cars are our thing and it's now worth $10k more than what we paid for it and we haven't changed a thing and use it regularly. The thing with old cars is that as time passes, they become rarer because they're obviously not making them anymore so there's only a limited amount of them in existence and as the years tick over, their numbers dwindle even further which makes the remaining cars more valuable because they're rare. But this has obviously derailed quite a bit from what the op was asking

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Originally Posted by Kimberleygal1

Some cars do depreciate of course but collectables and vintage or sought after cars generally don't. My dh's Harley is an example as would be your brothers pride and joy. My dh has always had Harley's and always got more at the time of sale than what he purchased or spent on them hence he has always made a profit.

And that's exactly what BRV and I have said. You've said your hubby's current collectable Harley is being kept to hand onto your son. So that one isn't going to be sold - that one has been kept for sentimental reasons, not as a financial investment.

It really does depend what car. A run of the mill every day common car like a commodore, falcon etc, no you're not going to make a profit and they do depreciate. But we bought an old car (1970s) a few years ago because cars are our thing and it's now worth $10k more than what we paid for it and we haven't changed a thing and use it regularly. The thing with old cars is that as time passes, they become rarer because they're obviously not making them anymore so there's only a limited amount of them in existence and as the years tick over, their numbers dwindle even further which makes the remaining cars more valuable because they're rare. But this has obviously derailed quite a bit from what the op was asking

And that's exactly what BRV and I have said. You've said your hubby's current collectable Harley is being kept to hand onto your son. So that one isn't going to be sold - that one has been kept for sentimental reasons, not as a financial investment.

Yes that's the case with this one, it hasn't been the case with the ones he has bought and sold over the past 20 years.